
French President Francois Hollande and Mario Draghi the head of the European Central Bank (ECB) have agreed that European demand must be lifted to head off a risk of deflation, French officials said.
The two men, who met on Monday in Paris for talks, share the same "worry about growth and inflation" in Europe and believe that demand must be boosted, officials added.
The central bank chief welcomed France's willingness to raise its growth through structural reforms as part of a reform package worked out with employers, according to the Elysee.
The meeting comes as Draghi is under pressure with inflation in the eurozone continuing to fall to 0.3% in August, setting off alarming bells ahead of a major ECB meeting on Thursday.
Draghi had earlier talked by telephone with the German Chancellor Angela Merkel, her spokesman confirmed.
The German weekly Der Spiegel claimed that she wanted to know "what he meant" when he told a meeting in Jackson Hole in the US that he was ready to "further adjust" monetary policy. Berlin later denied that Draghi had been dressed down by the chancellor.
Some interpreted his comments as a hint of Europe easing curbs on public spending, but Germany, which is wedded to monetary orthodoxy, tried to play this down, with Finance Minister Wolfgang Schäuble saying the speech had been "over-interpreted".
In France, which has long pushed for a growth-led approach to drag Europe out of crisis, the comments came at sensitive time in the middle of a major political debate around austerity.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor